The Federal Reserve's 'breathtaking' $7.7 trillion bank bailout

A new report on the 2008 financial crisis reveals some shocking numbers that dramatically exceed the $700 billion TARP bailout

Fed Chairman Ben Bernanke says that newly revealed details about the Fed's bank bailout were kept secret to prevent a stigma against banks
that took part.

So, a little more (relatively speaking) than 10 times the amount we were told. And, now this will fly under the radar. That is, they will get away
with this without most people even hearing about it, I believe.

I'd say there's plenty of reason to be angry at the banks and the Reserve Corporation too. (Let's not call it Federal, as that tends to confuse
what it actually is.) I think the OWS protestors were right to start out in NYC because that is such a densely packed area where they drew more public
attention. If they went straight to the Reserve Corporation, very few would have noticed.

Hope this hasn't been posted already. I did search. If it's in the wrong spot, yada yada. Thanks.

This is by far the greatest heist that has ever been pulled off in history. Who has been arrested for stealing from every man, woman and child in this
nation? Nobody! No one ever will. There aren't courts for men like them. They control every branch of government. There is only one thing left to be
done, and it isn't peaceful resistance! It's too bad that OWS is comprised mostly of uber-liberal pacifists who only know how to complain about being
raped, without the strength of character to defend themselves or their children from being raped in the future. It is time that this movement evolves
into something with some more back bone. Nothing short of revolution will bring these men to justice, not even Ron Paul in the White House could
accomplish that. They simply have too much of a stranglehold on our government. The answer is 1776!
To those of you who would say that we don't have the strength to rout out these bastards, or who would defend the status quo, I quote the words of a
great man to you, “If you love wealth better than liberty, the tranquility of servitude than the animating contest of freedom, go from us in peace.
We ask not your counsels nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you, and may posterity forget
that you were our countrymen!” Sam Adams

As I'd mentioned in another thread about a financial issue....this number just so happens to closely match the value of all gold every mined in the
history of mankind on Earth. Estimated at 160,000 tones. At current prices...I think this comes a little below, but not by much.

My question is real simple.... If THAT MUCH money went out..and it's impossible to get my mind around that figure in a true sense, so I wont
try...but where the heck did it *GO*?! There was no freeing up of credit and loan markets to the 6+ billion consumers around the world. There aren't
enough within the industry to benefit with numbers that far into the stratosphere. So.... umm.... Say what? Where? ON WHAT?

We're into numbers here that buy nations.. hell, it would buy bundles of nations outright and in cash. Yet we've so quickly becomed conditioned to
this insanity the magnitude of what they've done to us doesn't even register a major fuss in the media. We're soooo doomed.

If you search ATS, you will find that we linked that amount to the bailouts back in 2008.

It's no secret here.
Well, to me a least...

This problem is enormous.
The people just don't seem to care enough.
Too worried about what NFL team is winning or who won another game show.
Distractions have all but ruined our thought processes.

We need ALL Americans on the same page about this.
And we can't even agree on simple political ideals...

So what do you expect to happen?
I, for one, expect a populus shut down.
Show those thieves who really controls things.
But, I may be getting my hopes up.
Too many people are scared, worried, or just apathetic.

Granted the "money" is likely just computer bytes. But is not without consequence. You see it still counts as real wealth, and if it leads to
massive devaluation of the dollar in the future it is the little working guy like myself and probably you too that gets the rawest end of the deal.

To put that in perspective a bit that is 1,100 USD for every single person on the planet or 22,000 USD for every American. I think we would have spent
the money more wisely to be honest. Isn't Grand Larceny theft over 10,000 USD?

$9.5 trillion
Total held on Sept. 20, 2011. Rather than help curb the practice that caused the financial crisis, "the Fed and its secret financing helped
America's biggest financial firms get bigger and go on to pay employees as much as they did at the height of the housing bubble," say Ivry, Keoun,
and Kuntz

$7.77 Trillion The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of
Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion
Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing
the financial system, more than half the value of everything produced in the U.S. that year.

... "And on news tonight at 10 o'clock, we'll tell you a 15 second story on this to report it, but not give any relevant details."

According to bloomberg's article, this was a request by bloomberg to find out where the TARP money went, but with the Federal Reserve fighting the
release of the information, and bloomberg took it all the way to the supreme court. the fed's appeal to keep the information secret was denied by the
SCOTUS in March of this year. I suspect it's taken awhile to compile all of the numbers into an article.

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